The current rate of bitcoin adoption is outpacing the growth of internet users. Recent projections predict that the world’s most valuable cryptocurrency will reach one billion users in the next four years. With about 130 million users, bitcoin is now at a similar inflection point where the internet was in 1997. And the rate of mass adoption of bitcoin suggests that it will exceed the number of one billion users, almost twice as fast as the Internet did.
Ethereum has dominated the crypto industry in its short six-year history. While bitcoin made headlines thanks to spectacular ups and downs, ethereum cemented itself as the blockchain of choice on which developers build applications.
Cryptocurrencies, including Bitcoin, have been declining recently. Bitcoin has fallen nearly 50% since April 14, when it reached a record high of over 64,900. The price of Bitcoin has jumped more than $ 8,000 in the last few days, and some predict that Bitcoin will fully recover.
The remarkable altruistic gesture of Vitalik Buterin, co-founder of Ethereum blockchain, donating a billion dollars to India to help them fight the pandemic, showed the true picture of cryptocurrencies.